Once upon a time, companies would stash their excess cash in short-term U.S. Treasuries or bank deposits, as if they were hiding away their grandmother’s heirlooms. But alas, Hougan noted that the ever-expanding federal deficits and the monetary expansion that could rival a balloon animal convention have dulled the allure of these traditional options. Who needs safety when you can have excitement, right?
In this grand theater of code, we measure the fervor of developers by the number of commitsâthose sacred updates that breathe life into the cold, unfeeling lines of code. Over the past year, these brave souls have toiled, their sweat and tears immortalized in the annals of open-source crypto ecosystems. Yet, let us not be deceived; the cryptocurrency landscape is as fickle as a capricious lover, ever-evolving and unpredictable. Todayâs champions may find themselves dethroned by the upstarts of tomorrow. This ranking, my friends, is but a fleeting snapshot, a mere whisper in the cacophony of time.
Our friend Daan, the wise old crypto wizard, declared that the last time altcoins had a proper bounce was after the last election cycle. They danced and twirled, recovering a smidgen of their lost treasure. But just like a balloon losing air, their momentum fizzled out, and down they went again! đđ¨
Les gouvernements du monde entier, tels des voleurs de grand chemin, dĂŠtiennent collectivement 529,705 BTC, ĂŠvaluĂŠs Ă plus de 57 milliards de dollars. Les Ătats-Unis mènent la danse avec 207,189 BTC, suivis de près par la Chine avec 194,000 BTC et le Royaume-Uni avec 61,000 BTC. Mais attention, ces richesses ne proviennent pas d’achats sur le marchĂŠ, mais plutĂ´t de seizures et d’actions d’exĂŠcution. Quelle ironie! đ
It’s officially been 18 days of non-stop positive inflows. That’s longer than some relationships last in fact. ETHA now manages a whopping 1.55 million ETH, valued at $4.23 billionâmore zeroes than a telecom bill. The stock price has sky-rocketed to $21, up over 50% since what we shall politely call âTrump Liberation Day,â proving once again that markets love a good rally.
According to a juicy report from Barronâs (June 11, mark your calendars!), the latest arrests happened on a Tuesdayâbecause who doesnât love a good Tuesday drama? đ The investigation is all about a kidnapping-for-ransom operation that sounds like a plot twist straight out of a bad movie.
So, letâs embark on this whimsical journey to uncover why Mr. Horsley believes this is the case!
According to the ever-reliable data from Sentora (formerly known as IntoTheBlock, because who doesnât love a good rebranding?), the Number of Transactions for Avalanche has seen a significant uptick compared to the sleepy days of early May. This âNumber of Transactionsâ is, as you might guess, an on-chain indicator that measures the total number of transfers happening on this cryptocurrency network every single day. Itâs like counting how many times your cat knocks over your coffee mugâonly with more zeros.
Meanwhile, volatility took a nap, dropping to 65.57%, the lowest itâs been in 30 days. Itâs almost as if ALGO is testing the waters of its multi-month descending channel, like a cat cautiously approaching a bathtub. đ
âI daresay, once Bitcoin ascends to the heights of $130,000 to $150,000, it is unlikely that any sensible individual would part with their precious Bitcoin,â remarked Mr. Horsley in a recent missive on the platform known as X. Such confidence is echoed by the illustrious Mike Novogratz, founder of Galaxy Digital, who suggests that this price range is not merely a fanciful dream, but a distinct possibility for the current year, bolstered by robust institutional interest and an insatiable appetite for digital assets.